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Can someone help me solve this Financial accounting problem? ! Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a

Can someone help me solve this Financial accounting problem?

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! Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 150 units@ $52.00 per unit 250 units @ $57.00 per unit 310 units@ $87.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 110 units @ $62.00 per unit 200 units @ $64.00 per unit 180 units @ $97.00 per unit 490 units 710 units 3. Compute the cost assigned to end inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of units unit Cost per Date # of units sold Cost per Cost of Goods Sold Cost per unit unit March 1 Inventory Balance Inventory # of units Balance 150 @ $ 52.00 = $ 7,800.00 150 @ $ 52.00 = $ 7,800.00 250 @ $ 57.00 = 14,250.00 $ 22,050.00 March 5 250 @ $ 57.00 March 9 = $ 310 @ 190 @ $ 52.00 $57.00 16,120.00 10,830.00 26,950.00 190 @ 190 @ $ 52.00 = $ 57.00 = $ 9,880.00 10,830.00 $ 20,710.00 $ March 18 110 @ $ 62.00 @ @ $ 52.00 $ 57.00 $ 62.00 @ March 25 200 @ $ 64.00 90 @ 110 @ @ $ 4,680.00 6,270.00 $ 52.00 = $ 57.00 = $ 62.00 $64.00 @ $ 10,950.00 March 29 180 = $ $ 4,680.00 @ @ $ 52.00 $ 57.00 $ 62.00 $64.00 90 @ @ 110 @ 9,360.00 0.00 0.00 0.00 9,360.00 36,310.00 $ 52.00 = $ 57.00 $ 62.00 = $ 64.00 = @ @ = 20 @ 6,820.00 1,280.00 $ 12,780.00 $ 12,780.00 $ Totals $

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